Posts Tagged ‘tax’

Q&A: When do I move my properties to a corporation?

Posted on: October 25th, 2015 by Real Estate Accountants 2 Comments

One of the number one questions we get as real estate accountants from investors, after “should I incorporate?”, is “should I move my personally held real estate to a corporation?” Our clients want to know if they should be making this decision based on number of properties, amount owing, liability risk, or something else completely. The […]

Accounting when flipping real estate investments

Posted on: September 8th, 2015 by Real Estate Accountants No Comments

The tax rules surrounding flipping properties, unlike rent-to-owns, as described in a previous article, are slightly more straightforward. But, using the proper structure is still critical. Think of this as a short primer on those rules, and how they may affect your taxes as you plan your real estate investment business with your real estate accountant and […]

Accounting for rent-to-own real estate investments

Posted on: August 26th, 2015 by Real Estate Accountants 15 Comments

The tax rules surrounding rent-to-own (RTO) real estate investments provide an insight into the complexity of the Canadian Income Tax Act and illustrate why having the right advice, and using the proper structure, is critical. Think of this as a primer on those rules, and how they may affect your taxes as you plan your […]

Behind on filing your taxes? Time to make a plan

Posted on: June 3rd, 2015 by Real Estate Accountants No Comments

Over the years, we have fielded many questions and concerns from real estate investors, business owners, and other clients who, sometimes sheepishly, sometimes fearfully, have approached us to say that they are behind on their tax filings. I always start this conversation with “You are not the only one”. Approximately once a month we have […]

Non-residents and non-resident joint ventures: Filings and deadlines for owning and selling Canadian real estate

Posted on: May 28th, 2015 by Real Estate Accountants No Comments

Given the time of year, June 30th being a major tax filing deadline for non-residents, we wanted to highlight an article from the archives that covers the ins and outs of owning and selling Canadian real estate as a non-resident, or as a real estate investor who has non-resident joint ventures. Many of our clients are […]

Vehicle expenses – simplified logbook for deductions? Think again!

Posted on: June 6th, 2014 by Real Estate Accountants 2 Comments

Doing a logbook for all your motor vehicle expenses is hard work. You have to consistently record the trips you make related to your real estate business, such as driving to and from Home Hardware to buy paint supplies or from your business to meet a customer. In 2010, the Canada Revenue Agency introduced a […]

What Non-Residents Should Know About Holding Canadian Real Estate: Part 1

Posted on: September 19th, 2012 by Real Estate Accountants 2 Comments

In the last few months, we have received calls and emails from Saudi Arabia, Kenya and Australia, to name a few, from investors who hold Canadian real estate, and need help ensuring they stay onside with Canada Revenue Agency. This article, part 1, covers what non-residents (NR) need to know about holding Canadian real estate. […]

New partnership reporting rules

Posted on: February 1st, 2012 by Real Estate Accountants No Comments

Legislation and policy are two different things with Canada Revenue Agency. Legislation is the rules, and policies are how they are enforced. One of these enforcement changes has particular interest for real estate investors in partnerships, and may catch many real estate investors and other partnerships off-guard. For partnerships, the CRA has changed an administrative […]

Real Estate Investing in the United States: Accounting and Tax issues

Posted on: November 14th, 2011 by Real Estate Accountants No Comments

We are often asked about the main issues that Canadians should consider when investing in the United States. We had the good fortune of presenting some of these issues to a group of investors in Ottawa at the monthly OREIO (Ottawa Real Estate Investors Organization) meeting. The presentation covers: Structure Liability Withholding taxes Income, capital gains and […]

Accounting & tax issues for real estate investors…the video highlights

Posted on: November 10th, 2011 by Real Estate Accountants No Comments

Andrei Angelkovski, of www.beachinvesting.com, interviewed George on accounting and tax issues for real estate investors for his blog. The interview covered: 1. Should we incorporate or not? 2. What are the top 3 things people think they can expense but cannot? 3. What are 3 tips you would offer real estate investors about accounting and tax? […]